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Search Results 59 to 158 of about 5,085 (some duplicates have been removed)
has warned u.s. lawmakers, they have a duty to solve. we sat down with her here in washington. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the fiscal cliff. now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in
$1.9 billion to settle u.s. allegations of money laundering. our chief economics correspondent has all the details. >> the largest bank in money- laundering, cartels washed through the bank. it resulted in a $1.9 billion fine, the biggest in u.s. banking history. the american authorities >> the corruption of the financial system by drug traffickers and other criminals, and free evading u.s. sanctions and law. >> they find $7 billion will be transferred between mexico and the u.s.. there were 25,000 transactions involving iran. in $290 million in suspicious traveler's checks were cleared by the bank. in a statement, they said they were story -- sorry for past mistakes. the former chairman was appointed as trade minister for david cameron. he had this to say when the allegations emerged in july. >> there were failures of the implementation, they expressed regret for that. it is a company i am proud to have worked for. >> they are not the only british bank to run these. the accusations of sanctions violations. other leading european banks have also in recent years reached settlements
by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. authorities including the justice department. the bank says it accepts responsibility for past mistakes and has beefed up its internal controls. in july, a u.s. senate report accused the bank of being involved in money transfers linked to drug deals originating in mexico. the report also said the bank settled money transactions with links to iran, a country under u.s. sanctions. >>> now, british authorities have arrested three british men. that's over their alleged connection to a rate-fixing scandal involving libor, the london interbank offered rate. the serious fraud office announced tuesday the first arrests in the case that has rocked the financial community. but officials gave no details other than the arrested men are british citizens in their 30s or 40s. 's unknown whether the suspects worked for banks or what their exact charges are. in june, the nation's financial regulators imposed a huge fine on barclays bank based in
the u.s. currency hits a 20-month high against the yen. investors are keeping a keen eye on how far the dollar will go against the yen. the u.s. currency reached the upper 84-yen level in new york for the first time in 20 months. the dollar hit 84.95 yen at one stage on monday in new york. investors bought the dollar against the yen after liberal democratic party leader shinzo abe said his new government may reach an agreement with japan's central bank on an inflation target. there is speculation the central bank may come under further pressure for monetary easing measures. the dollar/yen is currently trading at 84.82 to 85. >> catherine, the incoming leader abe has even mentioned revising the bank of japan law which adds more pressure onto the central bank of japan. now, a bit of background, the boj decided last week to extend its asset purchase program by 10 trillion yen, but many investors think the bank needs to do more, still. let's go to ramin mellegard who is at the tokyo stock exchange to get a check on how all of this is affecting tokyo markets. ramin, good morning. >> good
for you. >>> the u.s. is set to go over the fiscal cliff in five days. that means taxes will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is
schwarzkopf a little- known u.s. army general looking to retirement. then saddam hussein invaded kuwait and norman became a household name. he turned into the face of the u.s.-led counterattack called youoperation desert storm. >> let me put it this -- it will take as long as it takes for a iraqis to get out of kuwait and the united nations resolution to be enforced. >> the campaign culminated in a massive ground offensive, routing the iraqis in 100 hours. >> the navy has been told to get out of the war completely. >> was norman schwarzkopf a west point graduate who spent his whole career in the army. he was a war hero in vietnam, where he earned three silver stars, three bronze stars, and two parts. president george h. w. bush presented him with the medal of freedom for service to his country. president bush called norman schwarzkopf "a true american patriot." in retirement, he declined calls to run for office, devoting himself to public speaking and charity work. he leaves his wife and three children. norman schwarzkopf was 78. >> this morning former president george h. w. bush remain
speaker did give us one flash of hope if you listen to his words very carefully. the u.s. is updating its military plans against syria as new intelligence shows assad's regime is loading sarin gas into bombs. and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. "outfront" tonight, the magic number after a whole week of harsh words here in washington and threats too, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going t
an unmanned american drone after they say it came into restricted airspace. u.s. officials say they have accounted for all the drones. we are live in the middle east straight ahead. >>> in 28 days your paycheck will get smaller. in 28 days your taxes will go up. coming up, a new proposal from republicans to keep us from plunging over the fiscal cliff. >>> three storms in one week. the west coast is getting hammered by rain. a live report minutes away for you. good morning. welcome to "early start" this tuesday morning. i'm christine romans. >> i'm zoraida sambolin. it's 5:00 a.m. in the east. >>> we begin with breaking news. iran claiming it has captured a u.s. drone. this is video from state television in tehran it shows two revolutionary guard commanders examining what appears to be an intact scan eagle drone. we don't know if it's the one they claim they captured. moments ago a u.s. defense official told barbara starr the u.s. navy has fully accounted for all unmanned vehicles operating in the middle east region. we have the latest developments now from cairo. a u.s. source says that
to new york and take a look at housing figures in the u.s. it looks like the real estate sector may be moving on up. here in london, will be picture be so optimistic? mortgage and retail figures out later this morning should give us an indication. >>> plus, in a global exclusive, cnbc's geoff cutmore speaks with alex ushmanov on his return on facebook, and his outlook for the xwloeshl economy. >>> welcome back to the program. it's been a busy year. after 12 months of uneven growth, the prospects for 2013 look equally uncertain. billionaire investor and russia's wealthiest man alisher usmanov told cnbc's geoff cutmore that rebalance of growth is need. >> 2013 will be a year where we need to search for solutions. there is a big discussion going on about the state of the global economy. everyone is involved in that debate, in that discussion about wa to do. governments, central banks, economists, businessmen, scholars. so as far as i'm concerned, what really worried me and what i think is the real cause of the uncertainty is the enormous disparity that exists between the various moneta
him. he has had a series of health problems in recent years. a shake-up at the u.s. state department. who is out of a job following the findings of a security investigation. women using technology to build their business. the those headlines in just a moment. >> it is a very unsettled picture across europe. we have this area of low pressure. this frontal system giving some torrential rainfall. and improvement here but on the forward edge of this frontal system there is likely to be some snow extending down toward the alpine region. some shower weather for the u.k. and much of france, too. over eastern parts of europe seeing cloudy skies, outbreaks of rain. -14 degrees is expected in moscow. we have a fairly brisk, northwesterly wind making an impact all the way down towards sudan seeing temperatures below average at 29 degrees. as we move into central parts of africa, while the monsoon rains are pushing further, a decent amount of rain is being reported but generally you see the rainfall pushing away from the democratic republic of the," . -- of congo. >> the french president, presid
three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget sta
about 18, and 239 remaining. the susan b. anthony dollars, one of the most ill-fated in the u.s. government. it looks just like 1/4. it was only made 79-81 for three years. it was the last regular issued government issued coin they made the san francisco mint uncirculated condition with the proof. it had all kinds of problems. it makes it a commercial failure but makes it a collectable absolutesaffordable at $129 and a customer pick but $109.95 the most affordablen set released by the u.s. government of all the coin sets we have. the 1999 season the anthony. most people do not even know that coin exists. it was not in the proofset and not man said. that coin you gotta individually--mint- set coin! these, $79 apiece.are $109 across the board for everything that you see. >>host: explain where you get numbers. >>guest: i talked about getting individually and the reason is pretty simple. people buy coins individually to build their sets. when i say if purchased individually that is the way most people put their coins together. the coin catalog they are the lord largest coin c
of u.s. officials, the belief that's happened. we'll talk it over next.  >>> welcome back. we have important breaking news to tell you about right now. nbc news is reporting u.s. officials say their worst fears have been confirmed that the syrian military has loaded chemical weapons inside bombs. nbc says those same officials say bashar al assad's forces are awaiting final order to use those loaded missiles against syria's own people. this video posted online, which we can't independently verify, purports to show syrian missiles that have been modified to carry chemical and biological weapons. obviously, this is a sobering development in a situation that seems to be getting worse by the day. pentagon correspondent barbara starr joins me now, along with cnn contributor and former cia officer bob baer and on the phone, fran townsend. barbara, i know you're working to confirm this nbc report. how much would this change the situation? if u.s. military is going to act to prevent assad from gassing his own people, it would seem, if they loaded this stuff into weapons, the time to do
. the longer this goes on, the bigger that challenge is. >> is your warning for u.s. action or action in conjunction? >> the secretary is urgently meeting with russian representatives and lots of elements of the state department are meeting with our alies. the potential for recognition of the new syrian national council is something we would be doing, a step our alies have taken. i commend ambassador ford for their leadership on the plementic side to deal with this grinding, painful, two-year-long conflict. the differences are far less important than the commonality, which the president has made a clear declaration, which we will back. thank you. captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> you are going to hear from senator leiberman at the foundation for defense of democracy. they are hosting a forum called "dictators and dissidents." we'll take you live to the event with remarks from incoming chairman ed royce and senator bob casey and talking about syria and tensions in iran coming up in a few minutes. we will b
alarmed people in neighboring countries. senior officials have met with their u.s. counterparts to coordinate their response. south korea's chief nuclear negotiator and the head of the japanese foreign ministries headed to washington. they met with u.s. special representative on north korea, glen davies. they will continue diplomatic efforts until the last minute. >> translator: we also agreed that the international community should take firm action if north korea goes ahead with the launch. >> sugiyama said he hopes to visit beijing to discuss the matter with chinese officials. >> they're ignored warnings over the year when they went ahead with a launch that ended in failure. covering the korean peninsula, we see why leaders in the north are pushing ahead despite opposition. >> reporter: the ballistic missile launch will be the second since kim jong-un took power a year ago. it will use the same launch pad, a site in the northwestern part of the country. before the first testing, officials said the three-stage rocket was meant to carry a satellite. but japan and the u.s. and so
, corruption scandals, and disastrous investments in the u.s. and brazil. it was hoping to benefit from lower production costs at the new steel plant near rio de janeiro. the costs to build the facility have spiraled out of control. billions of euros wasted. it is a similar picture in the u.s. where a costly steel plant is incurring heavy losses due to the steel downturn. investment decisions have weighed heavily with building costs rising to 12 billion euro. to make matters worse, they have been hit with huge funds in their real division. this has triggered a leadership crisis. the executive board has asked three top executives to leave. >> until now, there has been in management style where the old boys' network was more important than corporate success. to some extent, this led to ignoring irregularities rather than correcting them. >> despite the crisis, he is trying to reverse the fortunes. they plan to sell the troubled plants in the u.s. and reduce their presence in the risky steel sector. they are examining all options. >> for more rainiers on the reaction from traders, we have this r
.5 billion in penalties. regulators in the u.s., u.k. and sorts when charged ubs and manipulating a key interest rate known as libor. >> his was person -- pervasive manipulation of global benchmark interest rates by dozens of staff across three continents. and the heavy fine reflects the regulator's concerns. the ubs chief executives said those of all but the extent of the fraud and bribes maybe revealed by further criminal investigations. in just one instance revealed by the u.k. financial services authority, ubs made corrupt payments of around $24,000 a quarter for 18 months to brokers to thank them for helping them manipulate the global industry. libor is used to price more than $350 trillion of contracts around the world. potential losers include pension funds, insurance companies, and individuals. more than a dozen banks have been caught up in an international inquiry and there are more cases to come. >> i would imagine there are probably more skeletons in the covered, and that really think that some point policy makers and regulators need to start focusing on the fact that we will
afghanistan-u.s. ties ahead of the withdrawal of international combat troops at the end of 2014. >> these are events that we are familiar with. we work very, very closely with our afghan partners. they events that affect both isef and our afghan security force brothers. we continue to work to mitigate them as much as possible. >> the taliban has not claimed responsibility for the shooting in kabul on monday. but the group claims to have placed many infiltrators in the afghan military and police forces to launch attacks on international troops. >>> an archaeological dig in afghanistan unearthed priceless cultural assets. the area is also home to a large copper deposit. researchers are concerned that historic artifacts may be destroyed. nhk world's hideki yui has the story. >> reporter: researchers have found a settlement in mes ayak. their dig site plays within the perimeters of a copper mine and the development of a chinese state owned company. in 2009 the afghan government suspended mining exploration in the area and allowed a french research team to conduct excavations. some o
. there was six adults pronounced dead at the scene. the shooter is deceased. >> u.s. networks say that the killer was a man and his 20's his mother was thought to be a teacher at the school. in washington, where the flag flies at half mast, barack obama addressed the nation as a president and a father. >> the majority of those who died today were children. beautiful little kids between the ages of 5 and 10 years old. they had their entire lives ahead of them -- birthdays, graduations, weddings, kids of their own. this among the fallen also teachers, men and women who devoted their lives to helping our children fulfill their dreams. our hearts are broken. >> he demanded meaningful action, a hint at perhaps tighter gun laws. that argument is for tomorrow. for now, america is trying to comprehend the how and why of the mass killings and a small rural community. new town was supposed to be a haven, a world away from the bustle of nearby new york. today, the elementary school was robbed of it and since joining colorblind and virginia tech of the grim roll call of loss. -- joining columbine and virgini
represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything else. the conditions are there. we need more m. & a in this cup. >> you are saying they are notgt
-- >> in the u.s., president obama makes a last ditch attempt to find a budget compromise. >> in the angry and protests in the streets of regain rate. doctors warn the victim's condition is getting worse. >> and running the sydney yacht race for a sixth time. >> within the next hour, president barack obama is set to meet with top republicans to discuss the nation's looming fiscal clit. white house aides have indicated that obama will discuss measures for avoiding the rest of the automatic spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough. >> i mean, i like with starbucks is riding on the cups. i wish they would write, like, something else, like "republicans, stop being s
dockworkers represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of meers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything else. the conditions are there. we need more m. & a in this cup. >> you are saying they
and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything else. the conditions are there. we need more m. & a in this cup. >> you are saying they are notgt ablocksblockbustermega deals buo medi
to fishermen about the increasing dangers of working in disputed waters. >> u.s. president barack obama says he still hopes congress can reach agreement to avoid the so- called fiscal cliff. obama met congressional leaders at the white house on friday to discuss a deal. he said the talks were constructive, but did issue a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are now of the last minute. in the american people are not going to have any patients for a politically self-inflicted wound to our economy. >> the president said he was modestly optimistic that the january 1 deadline for the fiscal cliff could be averted, but that is contingent on a vote in the senate on a compromise bill, and that will have to get an up or down vote. there is a majority for that, with some tax increases for upper-income people. the question is what level would be acceptable to republicans. more crucial to that is, w
at the last great senate. but first, the nonpartisan stimson center recently released a report, a new u.s. defense strategy for a new era that outlines four approaches for cutting defense spending but maintaining capability. stimson's co-founder barry blechman spearheaded the study. the report has become a must- read for anyone involved in the coming defense review or budget planning team. barry, welcome to the team. >> thank you, vag go. >> congratulations for your slot on the defense news top 100 most influential people. >> that was the biggest thrill of the year. >> so let's start off with the report. each report begins with assumptions about threats to the united states to be facing and what's going to be needed to meet them what. are those threats and what's the right strategy to address those threats as cost efficiently as possible? >> the group was more optimistic than many people in looking at the world. they see russia as a country that doesn't pose any threats now and really won't, can't for many years. they see china as a potential threat in the future but recognize we have com
less. >> warner: and we talk with ambassador marc grossman about prospects for afghanistan as the u.s. prepares to withdraw troops by 2014 and as he leaves his post as u.s. special envoy to the region. >> woodruff: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: violence continued across syria today as the united states welcomed a russian admission that syria's rebels may succeed in overthrowing president bashar al-assad. syrian state television showed >> woodruff: for more on all of this we turn to vitaly churkin, russia's ambassador to the united nations. thank you for joining us. let me begin by asking you about the comment today made by your deputy foreign minister mr. bog don november. he said today "it is impossible to exclude a victory of the syrian opposition." how would you describe
and about u.s. ambassador susan rice's decision to take her name out of consideration to be secretary of state. >> woodruff: then, we turn to the fiscal crisis here at home. andrew kohut explains the latest poll numbers, showing strong support for the way president obama is handling the negotiations. >> the democrats are better regarded in this negotiation than the republicans by a lot. >> warner: plus ray >> warner: plus, ray suarez gets two views on proposals to raise the age of eligibility for medicare to 67, from 65. >> woodruff: it's bottoms up tonight for miles o'brien who reports on genetic links to alcoholism and other addictions. >> so far as i know, there's no law against reporting under the influence, so here goes something. >> warner: and we talk with ambassador marc grossman about prospects for afghanistan as the u.s. prepares to withdraw troops by 2014 and as he leaves his post as u.s. special envoy to the region. >> woodruff: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. b
in 1952 in the beacon hill neighborhood of seattle, washington. his parents immigrated to the u.s. from china and the 1930's. his father fought in world war ii and worked as a cook. he passed away when the mayor was 15. his mother was a seamstress and a waitress. mayor lee has five siblings, he graduated from college in maine, he also went to uc- berkeley law school and finished in 1978. he and his wife have two daughters. i also want to mention, prior to becoming mayor, one of the key points in his contributions to the community is after he completed law school, he worked as a managing attorney for the san francisco asian law caucus, where he was an advocate for affordable housing and the rights of immigrants and renters. mayor lee -- [applause] >> thank you. welcome to city hall. the people's city hall, san francisco. i want you all to note that that was such a wonderful rendition of our national anthem. please give another applause to the millennium -- melanie and her daughter. i am so excited about all of you and seen so many of you from all over our state. come to city hall anin sa
. >> in the deadliest rampage at an elementary school in u.s. history, 20 kindergarten students and six staff members of the school are killed in newtown, connecticut. >> i have been at this for one- third of a century, and my sensibilities may not be of the average man, but this probably is the worst i have seen or the worst that i know of any of my colleagues have seen. >> the massacre occurred in newtown, connecticut, just miles from the national shooting sports foundation, the nation's second most powerful pro-gun lobby in the country after the national rifle association. we will host a debate on gun control between the gun honors for america and the coalition to stop gun violence. then we will speak to paul barrett, author of, "glock: the rise of america's gun." and we will get a report from the streets of cairo from sharif abdel kouddous. >> of voting among the division. egyptians headed to the polls on saturday in the sixth national election in nearly two years. this time, to vote on a referendum and a hotly disputed constitution. >> all of that and more coming up. this is "democracy now!," de
steadier, and it looks at this point asif u.s. exporters are doing a little better and u.s. producers are driving out some of our imports so that was good news, more econic groh. tracy: hard to tell, though, because everything's overshadowed by the fiscal cliff. do you worry, like, inflation is going to come and bite us in the butt one of these days? i mean, there's a lot of moy out there. >> well, i watch that very, very carefully, and i don't think that's an immediate risk. in regard to the fiscal cliff, i think the right thing to do is to let the tax rates go up across the board, just like they agreed to do. i think we ought to have middle income americans as well as high income americans having a reduction of those tax rate cuts we saw. tracy: take more from my paycheck, let the fed put money into the system. does it make sense at the end of the day? shouldn't i keep my money, g out there and spend it and let the fed keep theirs? >> well, that's, you got a good point, and i agree that instabilit and monetary policy is not very effective, and so i' not looking for very much from th
fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the high
a lot of what we read their is a discussion between u.s. regulators, foreign regulators and often concern on the harmonization between the two, and both the pro methodology use of language because many of us are starting to see a more complex world coming in where others multiple product wrapped in their and if there's a currency okay that might be exempt. there might be a package that actually has from both of you that sort of harmonization really does become important. is there a difference between the way your regulatory bodies are approaching these? >> we have worked together and harmonize on the definitions that you just mentioned about the swaps and mixed swaps and security based swaps so i think the public has a great deal of guidance and the rules but to the extent they need to come back on the package we would address it together. >> mr. cook do you have any incumbent new york city in different approaches is that cultural between the two regulatory bodies? >> i can't speak to the cftc statute but one of the reasons it drove us to the rulemaking in the context is that we l
troops on it is side of the militarize zone separating from south korea. as well as nearly 30,000 u.s. forces. not only are they within strikes distance of the launch site, a long-range rocket shows north korea is on its way to developing technology to launch a rocket at the united states's west coast and hawaii. officials tell cnn that the working assumption is that the north koreans got outside help from others, including iran. so today's launch is raising some huge concerns. let's go to our pentagon correspondent barbara starr. i assume they are pretty surprised and alarmed by the successful launch over at the pentagon? >> look, wolf, because of everything you just mentioned, indeed, the u.s. military, the intelligence committee have been watching north korea for days now 24/7 because they did expect to launch and they announced it. but they were having technical problems so a lot thought it wouldn't happen until next week. when it happened last week, there was a surprise. the north korean anchor's excitement was clear. >> announcing the launch of a long-range rocket that put a nor
. in fact, it looks like u.s. consumers are doing what they do best in mid-decmber: procrastinating. how are you doing on your holiday shopping? >> pretty poorly to be honest with you. my wife typically takes care of most of it. last year, i was definitely ahead of the game. i'm probably 75% to 80% done. fantastic. haven't started yet. hoping to get a jump start on it this trip. >> reporter: retail expert mike niemira says only half of americans polled recently have finished their holiday shopping. >> the consumer is behind on their completion. that means we rely much more on the next few days for it to pick up dramatically. >> reporter: because of all the fiscal cliff doom and gloom, retailers are worried. and perhaps they should be. after all americans think their personal finances will take a hit next year. and that might mean fewer gifts under the tree. >> we believe that the post black friday lull that we've seen in the last three weeks that consumers are spending at a very restrained rate simply because they don't have the money and there's a little bit of a fear factor out there.
like u.s. consumers are doing what they do best in mid-decmber: procrastinating. how are you doing on your holiday shopping? >> pretty poorly to be honest with you. my wife typically takes care of most of it. last year, i was definitely ahead of the game. i'm probably 75% to 80% done. fantastic. haven't started yet. hoping to get a jump start on it this trip. >> reporter: retail expert mike niemira says only half of americans polled recently have finished their holiday shopping. >> the consumer is behind on their completion. that means we rely much more on the next few days for it to pick up dramatically. >> reporter: because of all the fiscal cliff doom and gloom, retailers are worried. and perhaps they should be. after all americans think their personal finances will take a hit next year. and that might mean fewer gifts under the tree. >> we believe that the post black friday lull that we've seen in the last three weeks that consumers are spending at a very restrained rate simply because they don't have the money and there's a little bit of a fear factor out there. >> reporter: b
with politics and public affairs, we casey jennings live coverage of the u.s. senate. on weeknights watched key public policy defense. every weekend the latest nonfiction authors and books on booktv. you can see past programs, get our schedules at our website, and you can join in the conversation on social media sites. >> twenty-five years ago the u.s. and the soviet union signed a treaty which removed thousands of nuclear missiles from europe. former reagan administration officials talk about the negotiations that led to the intermediate nuclear forces treaty. at this event hosted by the american foreign service association, it's an hour 20 minutes. >> okay. i think we're ready to go. i would invite everyone to take their seats. i'd like to wish all a very good morning. i'm susan johnson, the president of afsa, and i'd like to extend a very warm afsa welcome to you all, and thank you for coming to this important and special panel discussion, and also celebration of the 25th anniversary of the signing the inf treaty. special thanks of course go to our panelists and our moderator, and i should n
a compromise is now really starting to hurt the u.s. economy. in this vacuum, the fed has decided to keep rates low. they stepped in saying listen, business, we are not going to get in your way. we're not going to allow interest rates to go higher until we get many hundreds of thousands of people hired! [ applause ] ben bernanke has become the jobs commander in chief. while i've heard nothing but carping on air in the blogosphere as you the fed's latest actions today. i say give me a break. bernanke said my legacy will be that i helped people get a job. and i care more about the unemployed than i do about taxing or not taxing the wealthiest 2%. further, bernanke's implied with this action to keep buying bonds. buy buy buy buy buy buy! to force interest rates to stay low until we get to a 6.5% unemployment. well, he's saying he's very worried about our country going over the fiscal cliff. and he's extremely anxious about how that newfound mandated austerity will mean huge job losses. yeah. lots and lots of people not being able to pay for dinner. our network calculates that while there'll be som
prospects for afghanistan as the u.s. prepares to withdraw troops by 2014 and as he leaves his post as u.s. special envoy to the region. >> woodruff: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: violence continued across syria today as the united states welcomed a russian admission that syria's rebels may succeed in overthrowing president bashar al-assad. we may have a problem with that tape and we apologize. we'll try and get it together. if we're not able to -- we're going to go ahead and interview right now mr. vitaly churkin. he is russia's ambassador to the united
indeployment of the patriot missile batteries from u.s., germany and netherlands. this would serve to be a pretty firm warning to the flailing assad regime to mess with nato member, turkey. if you talk to some of most vocal critics, though of the proposal, and that would be the russians who are in brussels at that nato meet and who were here, putin in istanbul, meeting with turkish leadership yesterday, they argue further militarizing this long border will only serve to escalate tensions. >> all right. ivan, thanks so much. ivan watson in istanbul, who is being down near that bordertown that has been the subject of shelling. moving on. before the scandal broke, many people could have seen former cia director david patreaus running for office. and now there is news that he was indeed approached. the way he was approached may surprise you. >>> also -- israel standing firm on its decision to go forward with construction of new settlements in the west bank and east jerusalem. hear what that might mean for the middle east peace process if that even exists. and when you switch from anoth
of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, plenty to come on. >> yes. the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to
, outperformers this year include german, japanese and hong kong stocks. the u.s. senate will meet at 11:00 a.m. eastern after lawmakers tried most of sunday to avoid a fiscal cliff. proposals moved back and forth including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or frankly, the courage to close the deal. >> i will say this. i think that the republican leader has shown absolutely good faith. it's just that we are apart on some pretty big issues. >> i want everyone to know i'm willin
senator mark warner on his plan to allow more highly-skilled immigrants into the u.s. at 8 eastern on c-span2, the president and incoming ceo of the nation's second biggest provider of medicare health plans, and at 8 eastern on c-span3, a discussion on scientific predictions about the future and the impact they have on public policy. .. but i think that there's no other art form so readily accessible other than perhaps film, which we work with, too. but it is something -- there is something in literature that just captures the human spirit. >> this weekend, we look behind the scenes at the history and literary life of new york's capital city, albany. saturday at noon eastern on booktv own c-span2, and sunday at 5:00 p.m. on american history tv on c-span3. >> now, a former iranian political prisoner talks about the abuse she suffered. she is joined bay former obama administration at visor on iran who discusses iran's program. the foundation for the defense of democracies held this event. >> good morning. it's a very interesting panel so i want to get quickly into questions. very quickly
. appreciate your time today. >>> when we return, what happens to the global economy if the u.s. goes over the fiscal cliff? >> markets i think would react very quickly. >> we'll talk to the woman who's keeping a close watch. my interview with imf chief christine lagarde is next. reti. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more style in the all-new malibu. chevy's giving more at the year-end event because 'tis the season. chevy's giving more. this holiday season, get a 2013 cruze ls for around $169 per month or get $500 holiday bonus cash. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting th
korea. tonight, a u.s. official tells cnn, there are early signs the koreans are not in total control of the device. but a north korean government-run tv, the news anchor was giddy with excitement. keeping them honest. pyongyang reportedly spent more than $1 billion on their missile program this year alone, money they could feed a lot of hungry, starving people in north korea. but while much of the world is talking about missiles tonight, there is a crime against humety occurring in that country. a crime that receives very little attention. as i said, some 150,000 people are believed to be doing hard labor on the brink of starvation, in a network of hidden gulags. it doesn't house just those who have been accused of political crimes, however. these prisons house their entire families, grandparents, parents, children. it's a system called three generations of punishment. imagine if you were accused of a crime and sent to a concentration camp. but to truly punish you, they would send your parents and your children. three generations of your family simply disappeared. the most notorious
before she said anything different and that was to u.s. senators behind closed doors, but it took 73 days forler to speak out, not even publicly, but behind closed doors. >> i i don't think she would have ever said she was wrong. this is not about susan rice. the president said, if you have a problem with benghazi -- i do -- it is not picking on the president. it is trying to expose a national security failure, a debacle. i hold the president accountable more than anythingch -- more than anyone else. it should have been closed or reinforced before the attack on 9/11. there is nothing to do to help the people. where was he as commandener chief. have you two movies being made in the raid on bin laden. you don't know anything about what the president did in the seven hours of the attack. and afterward, the president tried to blame this on a video and a mob and a demonstration that never existed. but susan rice, in my opinion, misled the public. there are other problems with her time and politics and national foreign affairs arena. her problems were deeper than me and deeper than benghazi. bu
this to light tonight. it will take global pressure to get the pastor released this, u.s. citizen, i should also say, released from iranian jail. >> sean: we will continue to monitor it. i hope you can get him home by christmas. thank you for being with us. we wish you all the best, you and your family. >> thank you, sean. >> sean: that's all the time we have -- left. thanks for being with us. greta's next. see you back here tomorrow night. greta. >> sean. >> tonight, yes, of course, the state department admits it was wrong, but, have they really answered all the questions? >> the independent panel review of benghazi is out and you know what? >> mistakes were made, lives were lost, lessons need to be learned. >> it says that mistakes were made. >> the state department clearly failed the boy scout motto of be prepared. >> there is no question that there were people within the state department that -- were remiss and did not execute in an appropriate way. >> just in to the fox newsroom, it appears heads are starting to roll after that benghazi report issued late yesterday -- >> there were mistakes
surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember dennis kucinich after the headlines. environmental protection agency head lisa jackson has announced a resignation ahead of president obama's second term. jackson departs after a four- year tenure that saw advances in the regulation of environmentally harpo practices such as mountaintop removal and the emissions of harmful chemicals from industrial plants. it was marred by a number of key disappointments on environmental issues. president obama rejected jackson's proposal for tougher regulations on smog pollution last year, even though jackson submitted a proposal she viewed as a major compromise. she has recently tried to impose restrictions on carbon emissions from new power plants, drawing a concerted republican and corporate pushback. after ignoring global warming in the 2012 campaign, obama has re ntly vowed to address it during his second term.
night. we will have more on u.s. gun violence in the newtown massacre after headlines. egyptian voters headed to the polls on saturday in a referendum on a controversial draft constitution. according to unofficial preliminary results, the document passed the first round with 57% of the vote with the turnout of just 31%. a second round scheduled for this saturday in remaining areas. a coalition of human rights groups has called for revoked citing thousands of complaints of violations at the polls including a lack of full judicial supervision. at a news conference, the opposition national salvation front accused authorities of rigging the outcome. >> [indiscernible] >> we will have more from egypt with sharif abdel kouddous later in the broadcast. at least 25 people have reportedly been killed in the latest syrian government bombing of a palestinian refugee camp in damascus. the attack on the district comes amidst fears the syrian military is preparing a full on ground assault to displace rebels from their positions. during a visit to neighboring lebanon, the u.n. high commissioner for r
let's go to another name that you say is a great u.s. play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what a frappucino tastes like. >> oh, look out, china. liz: two pharma companies, what do you think are the big names here because we're all getting older, and we all need new medicine. >> we're going to be buying a lot of pfizer especially and bristol-myers. those are the two picks we have. pfizer is around 24, $25 a share, bristol-myers about 31. and they have in common a new blood-clotting drug, and everyone's very, very excited about that. bristol-myers developed it, and pfizer will be marketing it. so we hi there's huge opportunity -- we think th
as well. europe and the u.s. until recently liked to think these dark times were in the past and religious violence was somewhere else, in societies more allegedly primitive, less characterized by heritage of christian values. today we have many reasons to doubt that. our situation calls urgently for critical self examination as we try to uncover the roots of ugly fears and suspicions that currently disfigure all western democracies. in april of 2011 a lot affect in france according to which it is illegal to cover the face in any public space from march to marketplaces to shops, although the law does not mention the word women, muslim, bertha or bail it was introduced by president nicolas sarkozy and a ban on muslim veiling which according to him imprisons women and threatens french values of dignity and equality. the new law makes illegal the barca but france is the first country to enact a full ban on the burke that in public space similar restrictions of being considered all over europe and many countries in regions that adopted some type. on april 28, 2011, the chamber of representativ
the justice component of many of these islamist parties. this is a response today corruption of these u.s.- sponsored regimes. -- to the corruption of these u.s.-sponsored regimes. for the record, i am against corruption. >> it goes back to the point at bottom made in my remarks that islamists did not win, the non- islamists lost. they lose by screwing up the delivery of services, by being so corrupt, by being ossified. islamists are there, waiting to take advantage of whatever opportunity, through violence or nonviolence. we did not even discuss their relationship with violence and nonviolence, which is a very important issue. they are there like vultures to reap the benefits, the carrion of these regimes. we can build, and we can help them, help the alternatives build better alternatives. >> question in the far corner over there. >> i am with the center for national policy. thank you for the debate. my point here is that there's been a suggestion that once islamists come to power, they will not give up power. i hear going to have some sort of a renewed dictatorship in the middle east. g
places besides the u.s. stock market. the metals were on fire today, particularly silver. slv, that's the way you play it. goes much higher. >> all right, i'm melissa lee. see you tomorrow, 9:00 a.m. we have the ceo of tomorrow's ipo solar city, then back here at 5:00 >>> i'm jim cramer and welcome to my world. >> you need to get in the game. >> he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. i'm cramer. welcome to "mad money." my job is not just to entertain but i'm trying to teachary and coach you. call me at 1-800-743-cnbc. you can blame the democrats for their inability to offer any cuts for spending. you can blame the republicans for not even wanting to consider tax increases. but don't you dear blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again! even if his statements about economic weakness ultimately caused the averages to stumble from some pretty lofty levels. dow only declining ability 3 points s & p inching up 4.4%. close in
treated for lung infection and gallstones. u.s. president george h. w. bush has been moved to an intensive care unit, the 8-year-old suffering from a fever that has worsened. a spokesperson says he is in guarded condition but is alert and able to converse with medical staff. the suicide bomber has killed three people at a u.s. base in afghanistan. if the explosion happened at the operating base. have that giant palo? you through the top stories. egypt's opposition will continue to protest against what it is calling a fraudulent referendum. the president says he knows he has made mistakes but now's the time for national unity. a bombing raid has reportedly killed 20 people. and the head of the military police has defected saying that the government has turned into a gang of murderers. massive explosion and a fireworks were house and the largest city. a densely populated district of labor. japan pose a newly elected prime minister is vowing to -- japan's newly elected prime minister is vowing to -- >> a second chance to make a mark. he stages a comeback of his career, and japan -- named japa
. that is the concern from u.s. officials. we will talk it over with fran townsend next. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 per month, plus competitive lessees can get $1,000 toward the down payment for an even better deal. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. get a droid incredible 4g lte by htc for $49.99. but proven technologies allow natural gas produce
, we broke the story yesterday. and tonight a new warning from the u.s. >>> and big news about american jobs and apple computers, and the exclusive interview with the man who now runs t company. >>> and after years of just say no and millions of arrests, a new marijuana law makes histor >>> and going home, smiling, our first look at kate as she leaves the hospital today, nightly news begins now. >>> good evening, there has been swift and worldwide reaction to the story we brought you last night, the reporting of our pentagon correspondent, jim miklaszewski, quoting intelligence sources indicating the syrian military has loaded the first stages, the so-called precursor chemicals, as chemical weapons that could be deployed as aerial bombs. and the fear is president assad of syria, facing long odds of power in syria or even staying alive, could use the chemical weapons against his own people s. from the defense secretary on down, the world be the world reacted to the news today ur chief foreign we begin with our chief foreign correspondent affairs, andrea mitchell. >> reporter: they warned
about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at least the silver lining is positive for china. but realize, china is $8 trillion. our market is about twice the size. so we really need those manufacturing numbers to kick in next year. but of course there have been so many good confidence and housing numbers to sort of buttress that weaker number yesterday. > what is your stock strategy in the current market? > > i think the big question everyone has to ask themselves is, do i need microsoft, cisco, and intel in my portfolio? they have been laggards for years. microsoft at least has been paying some good dividends. it's kind of appreciated somewhat over the past couple of years. but you know, that pc market is not really happening; it's all the tablets and the smartphones. so, you have to ask yourself, next year, do i keep these stocks in my portfolio? so many people own them. > yes or no? what is the answer? > > i am going to give them another year, but intel is really on th
>>> the formalitier government is accused of being sent rick. >> massive write-downs n u.s. and brazil while warning over a week's global recovery. >>> and hsbc agreed to settle money laundering charges, paying a record $1.9 billion fine. >>> and we're getting the bumping out here today, not only because it's christmas, but -- >> because james ferguson is here. >> and we are finally in the same place at the same time. ♪ reunited and it feels so good ♪ >> there we go. >> my apologies to everyone for that. >> how about that voice? i feel a christmas sing along coming on at some point. >> it's the holt day spirit. >> it is. >> also, we are outside the u.s. senate. we're going to see just how much progress has been made or how little progress between the president and congress on the fiscal cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into wher
of the inauguration of the president of the u.s. capitol. >> we are glad you are all here, this is the platform were the inauguration will take place. it is on schedule, it is on budget. our job, senator alexander and myself were in charge of this part of the inauguration. it is the presidential inaugural committee. it is also known as pic. let me review some numbers and specifics. the first inaugural on the west front was ronald reagan's ceremony in 1981. the person in charge of building the platform is steve ayers, the architect of the capital. the platform will be about 10,000 square feet. the same size as the platform in 2005, which was the largest platform ever built. as you know, on this there will be 1600 people were comes to this platform. it has to be very strong. the former president, joins you, governors, and the diplomatic corps. one of which comes from brooklyn, one comes from near chattanooga. it is a bipartisan concept inaugural. the platform is made whole with specification so everyone can see pretty well. the design began more than a year ago. construction began in september. >> tha
: and even though the u.s. economy slumped its low interest rates have helped vault the u.s. back to its traditional role as b.c.'s largest trading partner. the major issue here is the lumber industry and u.s. house building, so that the b.c. lumber industry follows very closely the cycles of american home building. narrator: in vancouver itself, there is less new construction, and the older houses are bought by a new asian demographic. in the last couple of years, wi the... with the decline of the business immigrants and the wealthier immigrants, 've hacontinuing a very signifi, and that movement is perhaps reflectemore by tse properties we see. we're in vancouver's east side now, a much more modest area, and people living here would be coming from india, from the people's republic of china, perhaps from the philippines. narrator: without great wealth and power, these new asian americans are not likely to encounter the same kinds of cultural conflicts. they just want to adapt and make new lives for themselves in a city of diverse local voices and ever-changing global connections. within
after a video a wild joyride through the city goes viral. >>> out of jail and back in the u.s. what silicon valley the u.s. what silicon valley security software pioneer people are stuck in very old habits of using toothpaste to clean their denture. but dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why dentists recommend polident. [ male announcer ] polident. cleaner, fresher, brighter every day. >>> the san francisco police officer at the center of a controversial video is the focus of an internal affairs investigation this is the video in question posted on facebook. sergeant carl t uploaded the video saying tomorrowed 100 miles an hour driving in a lamborghini through the broadway tunnel. a comment by sergeant t says it is roomier than you think, plus we were all drunk. he leg
>> live from berlin, this is the "journal" on dw. a school shooting in the u.s. state of connecticut leaves dozens dead. we will go live for the latest. >> in germany, investigators say the attempted bombing here this week proves islamist terrorists are at work in the country. >> a german lawmaker plans to send patriot missiles to turkey's border with syria. a shooting at a school in the united states -- 27 people reported dead. most of them children. >> it happened friday morning at an elementary school in the state of connecticut. a parent inside the school at the time reports hearing was sounded like at least 100 rounds being fired. >> this is the scene at sandy hook elementary school. sources saying the suspect is also among the dead and that the body is in a classroom at the school. police say they have recovered two weapons from the suspect. the students kindergarten through fourth graders were all evacuated to a nearby fire station. all schools in the area are under lock down right now. >> law enforcement officials has -- have confirmed the shooter has been foun
, the first thing we have to do is rebuild the japan-u.s. alliance and regain trust between the two countries. and then we'd like to improve our ties with china. as for the senkaku islands, we retain the stance they are japanese territory. we have to clearly show this policy to the chinese side. on the economic front, unless we change the current situation where annual income dwindles year after year, young people will not be able to have hope in their lives. we have to change this dire situation. that's our mission. we need to get out of the deflation as soon as possible, and that was part of our party's pledge. we will be compiling a sizeable suppleme suppleme supplementary budget. >> as abe prepares to move into the province's office, noda is preparing to move out. he's also stepping down as the leader of the democratic party. >> translator: at this time, the results of the general election are coming in, and the dpj has been handed a very stern verdict by the people. but it's the people's decision, and therefore, we take it seriously. all the results have been calculated. i have to assume
for the u.s. car company. in today's cover story, are budget talks in washington killing chrismas for retailers? plus, the winter trade. the sectors of the stock market that go up when temperatures drop. dairy dollars - how entrepreneurs can learn from the latest greek yogurt craze. what small businesses need to do now to prepare for 2013. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's tuesday, december 18th. i'm angela miles. in today's first look: soaring stocks. the dow rallied 100 points higher yesterday, with the other indices following suit along with gold and oil. oil was up on hopes of a budget deal out of washington. boeing's buying back $3.6 billion shares is getting trader buzz. the company is also pushing up its dividend by 10%. microsoft founder bill gates is upping his stake in in deere & company to 7% from 5.8%. deere closed last night at $86. in the fallout from the tragedy in newtown, connecticut, which remains on our minds, some interesting stats: reports say gun rights groups
, but opponents say they intend to continue their protests. >> turning out to the u.s., president barack obama has just announced his nomination of senator john kerry to become secretary of state. >> john kerry is currently chairman of the senate foreign relations committee and has undertaken numerous diplomatic missions. he also ran unsuccessfully for president back in 2004. the move has been widely expected. observers say he should win easy confirmation in the senate. staying in washington, and president obama is increasing the pressure on the country's powerful gun lobby's and calling for stricter regulations on assault weapons. he has also challenged his fellow gun control advocates to take a clear stand on the issue. >> america had a moment of silence for the victims of the newtown massacre. exactly one week ago, a young man armed with a semiautomatic rifle gunned down 20 people in connecticut. meanwhile, the national rifle association has taken a hard- nce on the issue, calling for armed security guards in yev american school to protect students. >> the gun owner's organizatitin has proposed
♪ >>> more yen selling. the u.s. dollar is rising further against the japanese currency on the foreign exchange market. the dollar has risen to the 85-yen level for the first time in 20 months. investors are selling yen on the tokyo foreign exchange on speculation policy makers at the bank of japan will agree to an inflation target proposed by the incoming administration. the new prime minister shinzo abe will take up office later in the day. analysts say the b.o.j. will likely further boost its monetary easing measures. the dollar is currently trading at 85.26-31 yen. ai uchida joins us now from the business desk for more on that. so ai, investors have been trading the dollar-yen quite dramatically over the last several weeks. >> that's right, catherine. just a month and a half ago that pair was trading in the mid 79-yen range. almost six whole yen weaker in just six weeks. a dramatic move indeed. so going forward, what can we expect? well, we spoke to disaburo nezo for his outlook. he is a senior executive fellow at fujitsu research institute. >> the yen's future is no
the u.s. should put armed guards in all schools. the comments came one week after 20 children and seven adults excludeing the gunman were killed in one of the worst mass shootings in u.s. history. >>> and what was a poorly guarded secret in washington, john kerry nominated to the next secretary of state. susan rice was believed to be the first choice, but she pulled her name out of the running after several members of congress attacked her responses to the deadly attacks in benghazi. >>> a former u.s. marine was imprisoned in mexico for four months has been reunited with his family. john hammer was released yesterday partly thanks to the work from u.s. senator bill nelson. hammer was imprisoned on a questionable charge after police found him with an antique shotgun. he says u.s. officials told him it was okay to cross the border with the gun shown here, but mexican officials accused him of violating their law. those are the headlines, randi, back to you. >>> thanks, nick. as the year winds down, we wanted to take a look back at some of the top moments in 2012. >>> today is a new day at
. the u.s. is hardly alone -- u.b.s. is hardly alone in having to pay. >> caught trying to manipulate important interest rates and punished with 940 million pounds of fines and confiscation of ill-gotten gains. >> this is some of the most shocking behavior we have seen to date. this was prevalent across the firm for five years when people were seeking to manipulate an internationally used benchmark used for millions and trillions of pounds of contracts in order to benefit their own trading position. >> u.b.s. traders colluded with other firms in market rigging. one u.b.s. a banker said to a broker, let me do one humongous deal. i will pay $100,000, whatever you want. i am a man of my word. the bank has been punished by switzerland, the u.k., and the u.s. >> make no mistake. for u.b.s. traders, the manipulation of libor is about getting rich. as one broker told a derivatives trader, you are getting bloody good at this game. think of me when you are on your yacht in monaco, won't you? >> it is a 1 billion pound fine too much or too little or about right? >> it is not about the fine. wha
. and the head of the u.s. gold lobby goes on -- the u.s. gun lobby goes on television to defend his position that guns should be in every school. and trouble in south africa. hello there. welcome to the program. all they were trying to do was buy bread. it turned into a tragedy in central syria. dozens of people are reported to have died when the bakery they were queuing at was destroyed. the un envoy arrived in syria for more talks. we have this. >> panic, chaos, anger. this is the aftermath of what the opposition says was an air strike carried out by a syrian fighter jet. those killed and wounded were queueing outside a bakery. only five days ago, this area was under the control of government forces. the rebels recently opened a new battle for this section of central syria. the state still has superior firepower to the strike back. the government says it is willing to engage in dialogue, but the other side is not. >> i have general advice. time is getting short. hurry and move toward us. these military efforts to topple the government are not getting rid of the president or occupying the c
on june 4th. the nikkei was also hit by concerns over the u.s. fiscal cliff in early november and it plunged nearly 400 points, it was down for seven trading sessions in a row. still another turn for the nikkei this time positive. when prime minister noda dissolved lower house of parliament in mid-november and then the possibility of a victory for the ldp led by shinzo abe really gave a boost to the markets because of his pledge to seek strong monetary easing measures and we did see the yen actually shed a lot of its strength that it had seen earlier in the year sending exporter and financial stocks to their highs. the inauguration of shinzo abe as prime minister also gave a last push to stocks and really we saw the nikkei driving 0 above that 10,000 level to a fresh high today of 10,395. now to see how stock markets here in japan are going to fare in 2013 i interviewed the senior strategist at daiwa securities. >> i think there will be some risk factors related to u.s. and china and europe. and fiscal cliff issue in the u.s. is one of top concerns. that's, i think, just a mat
, there's another title that many consider a "crowning" achievement. >> being miss teen u.s.a. is an unbelievable dream. >> danielle doty is living the dream -- a dream she's been aiming toward most of her life. >> i had been competing in pageants since i was 7 years old, and i thought, "you know, i'm at the right age." so i was a try?" >> texas! [ cheers and applause ] >> the texas teen won the crown, and now she gets to wear the gown. >> colorful? >> colorful. >> [ laughs ] >> actually, quite a few of them. hers is now a lifestyle jam-packed with red-carpet openings, glitter, and glamour. >> i love this. >> love that. out of these three pieces, i'd say the zipper dress is really amazing, and this is, i mean, just fabulous. >> it looks like fun, but it's also a full-time job. danielle has a calendar filled with good causes...like this one -- project sunshine. it brings a bit of happiness to children with serious illnesses. >> when she comes into the hospital, she just has a light about her and makes the kids smile and makes them feel like a normal kid. >> helping out miss t
turned increasingly desperate. u.s. officials tell nbc news the syrian military has now loaded the precursor chemicals for seron nerve gas into aerial bombs that could be dropped from dozens of syrian fighter bombers. this week u.s. intelligence detected a flurry of activity at chemical weapons site, like this one near homs. while u.s. officials confirmed the precursor chemicals are loaded and they must be mixed together to get the sarin gas. president obama and hillary clinton issued strong warning to syria's president bashar al assad. >> it's the point of no return. they're going to lose any sort of backing they had in terms of the chinese and russians. it's a suicide mission. >> reporter: the killing force of sarin nerve gas is devastating. 5,000 kerds were killed in 1988. >>> well, back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend. this, as treasury secretary timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington
, what happens to the global economy if the u.s. goes over the fiscal cliff? >> markets i think would react very quickly. four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. this holiday season, get a 2013 malibu ls for around $199 per month, or get $1,000 holiday bonus cash. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup c
's look at the facts. according to the u.n.'s office on drugs and crime, the u.s. gun homicide rate is 30 times that of france or australia. it is 12 times higher than the average for other developed countries. why is that? if psychology is the main course, we should see that we have 12 times as many psychologically disturbed people as the average. we don't. in fact, america takes mental disorders seriously, treats them and doesn't stigmatize them. we do better in this area than most of our peers. is america's popular culture much worse than other rich countries? not really since it's largely the same popular culture worldwide. england and wales are exposed to cultural influences as the u.s. yet, their rate of gun homicide is some 3% of ours. the japanese are at the cutting edge of the world of video games, yet the u.n. puts their gun homicide rate at close to zero. why? well, they have one of the most restrictive series of gun laws in the world. when looking internationally, it is obvious that the one feature of america that would explain why we have so much more gun violence than the re
in u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extrem e weathr from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be shooting in newtown, conn.. the case around trayvon martin sparked national protest after officials refused to arrest george zimmerman. president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover. i have more work to do on my recovery, so i will do what is best for arizona. i wi
by the senate. a treaty that was meant to encourage more countries to be more like the u.s. on equal rights of the disabled. if other countries adopted better treatment of their disabled, americans who visited or lived in other countries would also benefit. 125 countries ratified the treaty. it was supported by george bush, signed by the current president, and has support from both sides of the aisle like john mccain and bob dole. he was wheeled onto the senate floor, you can see, for the vote he hoped to see the treaty ratified. instead after pressure from special interest groups, 38 republicans vowing to support the treaty voted no. one was the home school legal defense association. the hslda, the powerful lobby group around the country whose leader you're about to meet. they have some very strong things to say about the treaty, but the notion was basically this, if it were to pass, they said, the u.n. treaty would somehow let the u.n. mandate how parents of disabled kids in america cared for their children. americans among the center is echoing that center is mike lee of utah. keeping th
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